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General Discussion / Re: Bitshares price discussion
« on: February 23, 2016, 04:06:26 pm »
bts rocket imminent
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I have a gut feeling...1500-1600 sat real soon.
This is definitely not that it might seem. Looks like a cheap trick to make everyone open longs and then smack the shit out of it all the way down to 700. Something is wrong here. Still watching.
Yep.
As long as this community keeps trying to margin up and keeps losing their BTS it is not going anywhere.
The only way BTS will sustain a rise is if the community as a whole is buying and holding, fully paid for positions, gradually removing supply from the market over time, and attracting new community members to join us.
Every time someone in the community tries to margin, blows up and loses their BTS, it not only costs us a community member, it also puts all their shares back out in the hands of traders who dont care about BTS. Stop margining.
All the alts are having a bad day today as the price of bitcoin keeps going up.
I think we're witnessing a realignment of the crypto economy. Bitcoin is showing signs of a big breakout after a year of flat prices. This could be the end of a two-year cycle that started with the collapse of bitcoin prices in December 2013. While we have been hodling BTS for two years, potential crypto investors have spent the last two years studying the implications of blockchain technology.
Right now, BTC price is rising because Chinese citizens are trading yuan for bitcoin. Chinese holders of renminbi need a safe haven in their slowing economy where the renminbi is being devalued. Potentially, a whole lot of interested parties with lots of investment capital may finally get the FOMO needed to push the price of BTC over $10,000.
Meanwhile, BTS early adopters are getting hammered by the recent 70% drop in prices as other adopters trade their bts to buy bitcoin.
BTS holders should keep hodling while they root for bitcoin. Once the price of BTC jumps back above $1000, it will be a mad rush into existing 2.0 projects. The price of bts will go north fast.
Who is Charles?Thanks guys for the replies. I'll go through them and have some followup questions.
Oh wow. Did Charles just give thanks to a group of individuals that included bm? Nice! That is what i call a step in the right direction. @bytemaster, thanks for being open to helping him. This is how strained relations are soothed.
Good stuff, good stuff.
Wedge up or wedge down. What's ur guess?
If the price starts to hug the line between 1345 - 1360, then it will likely go north. But if it starts to track ~1300 - 1310, then south is more likely. At this moment we are in neutral territory, leaning north.
What I would like to see is a break south, get the shorts all beared up, then a strong reversal back into the wedge. This would trap a ton of shorts and ignite a big squeeze higher...